Chapter 10

My biggest take away from this chapter regarding the Federal Reserve is that it has a lot of power, a lot of options, and a lot of brain power to be able to solve any economic problems, yet even it always can't. This chapter, like many regarding the craziness of economics, was both uplifting and depressing. It is amazing how many stops the Fed can pull out to try to save us from what appears to be our own destruction. Yet they also have a good amount of power to stop us from getting there, by "taking away the punch bowl just as the party gets going". I cannot imagine the difficulty that would be involved in trying to guess future impacts inflation, loans, etc. will have on our economy. and hopefully one day it could be better solved. I think the fact that it is a private but government tied sector is the key to it's ability to be so successful, and make larger decisions so swiftly.